Stanley Electric
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Stanley Electric (6923) investor relations material

Stanley Electric Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary29 Jan, 2026

Executive summary

  • Net sales for the nine months ended December 31, 2025, increased by 1.2% year-over-year to 380.28 billion yen, while operating income declined by 13.2% to 28.58 billion yen due to US tariffs, semiconductor shortages, and higher costs.

  • Net income attributable to owners rose 12.6% year-over-year to 21.37 billion yen, with net income per share up 26.5%.

  • Comprehensive income surged 88.3% year-over-year to 62.92 billion yen, driven by strong foreign currency translation gains.

  • Asia-Pacific two-wheel vehicle sales remained strong; China saw sales decline but improved income margin through rationalization.

Financial highlights

  • Operating income margin decreased from 8.8% to 7.5% year-over-year.

  • Ordinary income fell by 8.9% year-over-year to 33.49 billion yen.

  • Gross profit increased slightly to 76.31 billion yen, while operating profit declined to 28.58 billion yen from 32.95 billion yen year-over-year.

  • R&D expenses increased to 20.00 billion yen from 17.16 billion yen year-over-year.

  • Total assets increased to 779.32 billion yen, and net assets decreased to 558.45 billion yen as of December 31, 2025.

Outlook and guidance

  • Full-year net sales forecast is 500.0 billion yen, down 1.9% year-over-year, with operating profit expected to decline 8.2% to 45.0 billion yen.

  • Profit attributable to owners of parent is projected at 31.4 billion yen, a 2.1% decrease year-over-year, and basic EPS forecast is 229.48 yen.

  • Annual dividend forecast raised to 100.00 yen per share, up from 72.00 yen in the previous year.

  • Dividend policy targets the higher of a 3.5% DOE or a 40% consolidated payout ratio.

  • Full-year capital investment forecast for FY2026/3 is 436.0 billion yen, with depreciation forecast at 157.1 billion yen.

Rationale for large share repurchase program
Reconcile operating profit decline with net profit rise
Purpose of the 62.7B yen short-term borrowings?
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Frequently asked questions

Stanley Electric Co., Ltd. is a Japanese company specializing in the design and manufacture of lighting and electronic components. The company produces automotive lighting systems, LED components, and electronic devices used in vehicles, consumer electronics, and industrial applications. Stanley Electric also develops optical products and energy-saving technologies, serving industries such as automotive, electronics, and telecommunications. The company is headquartered in Tokyo, Japan, and its shares are listed on the Tokyo Stock Exchange (TSE).

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